Bill Text: NY A10364 | 2023-2024 | General Assembly | Introduced

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Bill Title: Requires the registration of certain companies whose primary business purpose is related to artificial intelligence as evidenced by their NAIC code.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-21 - referred to science and technology [A10364 Detail]

Download: New_York-2023-A10364-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10364

                   IN ASSEMBLY

                                      May 21, 2024
                                       ___________

        Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Bores) --
          read once and referred to the Committee on Science and Technology

        AN ACT to amend the general business law, in relation to  requiring  the
          registration  of  certain  companies whose primary business purpose is
          related to artificial intelligence

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. The general business law is amended by adding a new article
     2  2-A to read as follows:

     3                                 ARTICLE 2-A
     4          REGISTRATION OF CERTAIN ARTIFICIAL INTELLIGENCE COMPANIES

     5  Section 20.   Registration requirements.
     6          20-a. Penalties.
     7    §  20.  Registration  requirements.  1.  The  secretary of state shall
     8  require the biennial registration of any company,  partnership,  limited
     9  liability  company  or corporation whose North American Industry Classi-
    10  fication System (NAIC) code is any of the following:
    11    (a) 541512;
    12    (b) 334220; or
    13    (c) 513210.
    14    2. This section shall apply to any business located in this  state  or
    15  which sells products or services in this state.
    16    3.  The  secretary  of state shall impose a fee of two hundred dollars
    17  for each biannual registration.
    18    § 20-a. Penalties. A violation of this article shall be punishable  by
    19  a fine of up to ten thousand dollars. Additionally, the attorney general
    20  may  seek an injunction to bar any company, partnership, limited liabil-
    21  ity company or corporation which knowingly fails to register pursuant to
    22  this article from  operating  or  selling  any  artificial  intelligence
    23  products or services in this state for a period of up to ten years.
    24    §  2.  This  act shall take effect on the ninetieth day after it shall
    25  have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13988-05-4